Stellantis offering buyouts to pension-eligible U.S. salaried workers
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As the sign changes to Stellantis, it can be seen from outside the FCA US LLC Headquarters Technology Center in Auburn Hills. The new European automaker Stellantis made its way to the Paris and Milan stock markets on January 18, 2021. Stellantis is the 4th-largest global automaker, according to volume. It was created through the merger of France’s PSA with Fiat Chrysler’s US rival. (Photo: JEFF KOWALSKY / AFP).
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DETROIT – Automaker StellantisThe company, which was formerly Fiat Chrysler announced Monday that it is now offering voluntary buyouts for pension eligible U.S. salaried workers.
Eligible employees must have worked for the company at least 10 years and are at least 55 years. The buyouts are only available to unionized employees who have been employed for at least 10 years.
Stellantis spokesperson declined to reveal how many domestic salaried workers are eligible or if the automaker sets a goal for how many people it wants to receive the package.
All employees who are offered these benefits can retire at any time. Company cited buyouts to aid in their growth. pivot to focus more on Electric vehicles
Stellantis continues to aggressively pursue its goal of becoming the global leader in low-emission vehicles, the company stated in an email statement. Stellantis North America offers a voluntary retirement plan to all eligible employees to help with our transition and align our business priorities with a new set critical skillsets and investment opportunities.
Targeted offers which were first reported byAutomotive News has the most up-to-date information as U.S. automobile manufacturers transition to electric vehicles. Ford MotorOffers buyouts to salaried employees at least twiceSince 2020. GM has also made this announcement buyouts in 2018Part of a restructuring.
Stellantis is home to 14 brands: Opel Jeep Ram, Opel Fiat Fiat Peugeot and Maserati. It highlighted the electric plans that several brands have during the event. It was founded through a $52 billion merger between Fiat Chrysler and PSA Groupe in January.
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